1. Which country do you think would have the best chance in meeting their economic goals from expanding trade with the United States? Incorporate a minimum of three economic indicators from 05.03 in your response.

Thailand would have the best chance of meeting their economic goals from trading with the US. They would maximize resources and be more efficient, they would continue economic growth by increasing overall output of economic products, and they would have security from being able to have resources and materials during a crisis.

2. Based on your information about comparative and absolute advantage, explain which country the United States would benefit from trading with the most and why.

The US benefits from trading with Thailand because we already have a free trade agreement with them and we can trade jewelry, electric appliances, computers, and parts with them.

3. Considering the economic systems of your chosen countries, which country do you think would be the most open to trade with the United States and why?

Thailand would be the most open to trade because their economy and government is much more stable than Egypt’s.

4. Considering your research and data on barriers to trade and free trade zones, which country would be easier for the United States to trade?  Explain including a minimum of two pieces of evidence.

It would be easier to trade with Thailand because we already have a free trade agreement and also because they have a more stable economy right now.

5. How does inflation impact the society of your chosen countries?

By not allowing America to buy as much because the spending power of a dollar has decreased.

Extended Responses

6.  What other issues should the United States consider before entering trade negotiations?  Examples may be human rights concerns, war, geography, other political issues, malnutrition or disease, transportation, or climate.  In a minimum of one paragraph, discuss why these issues should be considered before beginning trade negotiations.

Before the US enters a trade agreement, they should consider the location and, therefore, the cost of transportation to and from the country they’re trading with. They should also consider political status of the country to make sure that they are conducting legal practices with other countries. As well as the economic standing of the country to determine if the country is stable enough to trade with.

7.  To finalize, which country do you think would be a better trade partner for the United States at this time? Identify at minimum of three pieces of evidence that supports your decision.  Explain.

The country that I think would be a better trade partner with the US at this time would be Thailand because they have a broader selection of produced goods, their economy is more stable, therefore, more likely to hold an agreement and a free trade agreement has already been established.